11. A debit ________, while a credit ________ a. is recorded in the right column of an account; is recorded in the left column. b. balances an account; increases the account. c. is recorded in the left column of an account; is recorded in the right column. d. balances an account; zeroes the account. 12.The account types found in the Chart of Accounts List includes each of the following except a. Liabilities. b. Equity. c. Assets. d. Profits. 13.Under which account type does accounts payable belong? a. Equity b. Income and Expenses c. Liabilities d. Assets 14.A Cost of Goods Sold account is identified as which account type in QuickBooks Online? a. Liabilities b. Equity c. Assets d. Income and Expenses 15.To display the Chart of Accounts List as a report, click Account List in the ________ section of the Reports window. a. Manage Accounts Receivable b. Review Expenses and Purchases c. Business Overview d. For my accountant 16.The Account window contains each of the following pieces of information about an account except the account a. name. b. description. c. type. d. permissions. 17.Who creates system default accounts? a. a professional accountant b. a QuickBooks Online user with administrator privileges c. any QuickBooks Online user d. QuickBooks Online 18.Which of the following is a system default account that cannot be deleted, cannot be used for anything else, and cannot be renamed? a. Cash - Checking b. Accounts Receivable c. Accounts Payable d. Undeposited Funds 19.Which of the following is a system default account that cannot be deleted or used for anything else, but can be renamed? a. Inventory/Stock Assets b. Opening Balance Equity c. Checking - Payroll d. Reconcile/Reconciliation Discrepancies 20.When account numbers are not used, QuickBooks Online lists the accounts in a. the order in which they were created. b. order of the frequency in which they will likely be used. c. alphabetical order within each account type. d. alphabetical order